BP PLC
Oil giant Shell reports highest quarterly profit since 2008 on soaring commodity prices
Shell posted adjusted earnings of $9.1 billion for the first quarter of 2022. Ben Stansall | Afp | Getty Images LONDON — Oil giant Shell on Thursday reported its highest quarterly profit since 2008 on soaring commodity prices, fueling calls for a one-off windfall tax on oil and gas companies to help U.K. households with […]
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Stocks making the biggest moves midday: Chegg, Expedia, BP and more
James Tahaney loads textbooks on to a pallet in preparation for shipping at the Chegg warehouse in Shepherdsville, Kentucky, April 29, 2010. John Sommers II | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Paramount Global – Shares fell 1.7% after the entertainment giant reported first-quarter revenue below expectations. The […]
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Stocks making the biggest moves in the premarket: Paramount Global, Logitech, Chegg and more
Take a look at some of the biggest movers in the premarket: Paramount Global (PARA) – Paramount Global fell 4.3% in the premarket, despite quarterly profit that beat Wall Street estimates. Revenue came in below analysts’ forecasts for the media company, amid increasing video streaming competition and weak ad sales growth. Logitech (LOGI) – Logitech […]
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BP reports bumper first-quarter net profit, but posts massive loss on hit from Russia exit
BP has further boosted returns to shareholders after net profit jumped to its highest level in more than a decade. Chris J. Ratcliffe | Bloomberg | Getty Images BP on Tuesday reported bumper first-quarter profits and boosted share buybacks, despite posting a massive loss after offloading its nearly-20% stake in Russian-controlled oil company Rosneft. The […]
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Goldman says oil and gas investment is about to boom, and names the stocks to cash in
In its annual review of oil and gas projects, Goldman names several energy stocks it expects to be “winners.” Source
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Bernstein says UK stocks are looking cheap, and picks 6 names it says are set to rally
The bank asked its analysts to name their best ideas for U.K. stocks with “strong conviction on upside.” Source
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BP deal sends Nasdaq-listed EV charging stock Tritium surging
The need for new charging infrastructure in the U.K. is likely to become increasingly pressing in the years ahead, not least because authorities want to stop the sale of new diesel and gasoline cars and vans by 2030. Chris Ratcliffe | Bloomberg | Getty Images Tritium and BP have entered into a multi-year contract related […]
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The race to roll out ‘super-sized’ wind turbines is on
A Haliade-X wind turbine photographed in the Netherlands on March 2, 2022. The Haliade-X is part of a new generation of huge turbines set to be installed in the years ahead. Peter Boer | Bloomberg | Getty Images In the not too distant future, waters 15 miles off Martha’s Vineyard will be home to a […]
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Morgan Stanley says stay disciplined amid volatility, and names ‘cheap’ global stocks to buy
Morgan Stanley has named a raft of “cheap” global stocks to buy, advising investors to stay disciplined on valuations. Source
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TotalEnergies boss says he won’t work with Putin again — but refuses to write off Russian assets
The CEO of TotalEnergies on Saturday defended the company’s refusal to fully exit Russia, but said it would never do business with President Vladimir Putin again. Speaking to CNBC’s Hadley Gamble, Patrick Pouyanne, chairman and CEO of TotalEnergies, said he was not prepared to write off the company’s assets in Russia as it would effectively […]
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